Tag Archives: government irony

Isn’t it a bit ironic that the U.S. government is going to sue a few of the big banks in America when the government’s policies are part of what caused the housing disaster in the first place? Not only did the government’s policies create the bubble, but the federal reserve’s policies also helped to continually build up and add fuel to the ensuing bubble that would inevitably burst. What’s even worse than that and maybe reaches an even higher level of irony is that the same banks that the government is now suing are the same banks it bailed out to the tune of hundreds of billions of dollars a few years ago. Furthermore, not only are they suing the banks they bailed out, the lawsuit they’re bringing forward is going to cost the tax payers millions of dollars and the banks they’re taking to court might even use the bailout money they received over the years to cover their legal expenses. But what’s even worse is that this step by the “critical thinkers” doesn’t address the issue of central banking and central planning by previous and present political hacks.